SBP raises Rs344.935bn through PIB-PFL auction

News Image

MG News | February 06, 2024 at 11:14 PM GMT+05:00

0:00

February 06, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual and quarterly worth Rs344.935 billion for 2, 3, 5 and 10 years against a target of Rs280bn.

SBP received bids worth Rs437.5bn for PIB-PFL semiannual and Rs3.842bn for PIB-PFL quarterly. Out of these, the central bank accepted Rs344.935bn for the semiannual floaters, while none were accepted for the quarterly PIB.

The amount raised through PIB-PFL semiannual comes from the sale of 5-year and 10-year semiannual PIBs worth Rs125.135 and Rs219.8bn, respectively.

The total sum raised through 5-year and 10-year semiannual bonds represents Rs340bn raised by SBP through competitive bids and Rs4.935bn raised through non-competitive bids.

The cut-off price for the 5-year PIB-PFL semiannual stood at Rs95.8598, while for the 10-year one, it stood at Rs94.0868.

The settlement date for the successful bids is February 07, 2024.

To note, the target for the PIB-PFL semiannual was to raise Rs120bn through the sale of 5-year and 10-year PIB, Rs60bn each.

In the case of PIB-PFL quarterly, it was to raise Rs160bn with the sale of 2-year and 3-year PIB-FRF, Rs80bn each.

In the last auction held on January 24, the central bank sold PIBs-PFL worth Rs293.68bn for 2, 3, 5 and 10 years against a target of Rs280bn.

The cut of price stood at Rs 98.1357, Rs 96.5915 and Rs 94.8122 for the 3-year PIB-PFL quarterly, 5-year and 10-year PIB-PFL semiannual respectively.

When compared with today's cut-off price, it becomes evident that yields have increased, resulting in a slight decrease in the cut-off price.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,207.29
190.96M
0.37%
514.62
ALLSHR 86,176.93
633.30M
0.45%
382.41
KSE30 42,602.85
57.43M
0.44%
187.98
KMI30 196,319.50
101.82M
0.67%
1305.65
KMIALLSHR 56,861.96
298.63M
0.47%
267.27
BKTi 38,060.31
12.30M
0.37%
140.31
OGTi 27,803.49
5.74M
0.12%
34.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,295.00 119,880.00
115,675.00
-1815.00
-1.51%
BRENT CRUDE 68.39 69.86
68.31
-0.79
-1.14%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.07 66.74
65.00
-0.96
-1.45%
SUGAR #11 WORLD 16.28 16.64
16.23
-0.29
-1.75%

Chart of the Day


Latest News
July 25, 2025 at 08:46 PM GMT+05:00

Govt advances reform agenda


July 25, 2025 at 07:32 PM GMT+05:00

SBP to announce Monetary Policy decision on July 30


July 25, 2025 at 05:24 PM GMT+05:00

SECP recovers Rs26m in Penalties


July 25, 2025 at 05:11 PM GMT+05:00

PSX Closing Bell: "Higher Ground"



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg